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One of the largest comprehensive completion service providers in the United States: NexTier Oilfield Solutions Inc. (NEX) (1973)

NexTier Oilfield Solutions Inc. (NYSE: NEX) was founded in 1973, formerly known as Keane Group, Inc. (formerly NYSE: FRAC), and completed its merger with C&J Energy Services in October 2019 and changed to its current name. Headquartered in the United States Houston, Texas, with 6,525 full-time employees, is one of the largest comprehensive completion service providers in the United States, focusing on complex and technically demanding completion solutions.

Keane Group

NexTier Oilfield Solutions Inc. (NEX):

NexTier Oilfield Solutions is one of the largest comprehensive completion service providers in the United States, focusing on complex and technically demanding completion solutions. The company’s main services include horizontal and vertical fracturing, cable perforation and logging and engineering solutions. And other value-added service products.

NexTier Oilfield Solutions has 944,250 hydraulic horsepower in Permian Basin (Permian Basin), Marcellus Shale/Utica Shale (Marcellus Shale/Utica Shale), SCOOP/STACK Formation, Bakken Formation and other active oil and gas basins, deployed in 23 The hydraulic fracturing fleet and 23 wired trucks provide industry-leading well completion services, strictly focusing on health, safety and environmental management, and cost-effective customer-centric solutions.

In 2019, Keane Group, Inc. merged with C&J Energy Services, and the combined company was divided into two divisions:

  1. Completion Services -Provide hydraulic fracturing services to increase oil and gas production in formations with low permeability and restricted hydrocarbon flow; wired services; and perforation, evacuation, pipeline recovery, and pressure pumping And wellsite replenishment and stress testing services. As of December 31, 2019, the department has approximately 45 hydraulic fracturing fleets, 118 cable cars and 80 evacuation devices.
  2. Well Construction and Intervention Services -Provide cementing services, including customized engineering mixing and blending equipment to ensure the precision and accuracy of ring isolation and hydraulic sealing, while protecting the fresh water area from Customers are concerned about the impact of the area; and engineering software and technical guidelines for repair cementing applications and acidification to optimize the performance of their customers’ oil wells. The department also provides coiled tubing services to help customers complete various goals in horizontal well completion, workover and oil well maintenance projects. As of December 31, 2019, the department has approximately 25 coiled tubing units and 101 cementing units.

NexTier Oilfield Solutions provides services to large integrated independent oil and gas exploration and production companies in the United States and internationally.

NexTier Oilfield Solutions Inc. (NEX) investment:

Keane Group, Inc. (NYSE: FRAC) landed on the New York Stock Exchange on 1/20/2017 with an issue price of $19.00, issuing 26.76 million shares, raising funds of $508,440,000.00, stock code: FRAC.

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